How it Works
Every department, company or business needs to contain its costs and this is true regardless of the nature, size and industry of the business. To this end, we use our skills and resources to implement cost reduction strategies for your business. This cost containment is achieved primarily through two main methods;
Securing Best Prices
This is accomplished through leveraging our industry expertise and contacts. We use our relationships with numerous vendors to get our clients the best rates. Even if we have to deal with a new vendor, our cost reduction experts use their extensive market knowledge and sharp negotiation skills to secure the best prices.
Profit Recovery
In addition to securing the best prices, we achieve cost containment by scrutinizing your billing. Telecom and utilities billing for example are notoriously error-prone. Our cost reduction consultants identify these hard to find errors which can cost your dearly.
The Process
We maintain a very simple yet very effective process for our cost reduction solutions.
Gathering Business Information
We begin the process by asking clients simple questions in order to learn what they are trying to achieve and the areas of their business in which they wish to see a cost reduction. As cost reduction experts with expertise across diverse industries and cost centers, we can review multiple business areas. The more areas you choose, the more savings we can deliver.
Signing the Contract
We invest our time and resources to find you incremental profits and before we commence our cost reduction audit, you will have to sign our straight forward 2-page contract which outlines our responsibilities to you as well as our only profit-sharing fee structure. We don’t charge any upfront fees, only a fraction of your realized savings for an agreed-upon number of months.
Audit
Once the contract is signed, we schedule an appropriate time for our review which is done completely offsite. During the analysis we review copies of the relevant invoices, contracts, etc. being targeted for our review. The review process can take from couple of weeks to several months and will vary depending on the scope of your project.
Presenting & Reviewing the Cost Reduction Plan
Once the audit is complete, we present the Cost Reduction Plan which details the savings you can realize on a monthly basis. We will review the plan with you in a 30 minute meeting. We will also give you an estimate of the savings you may realize if we implement this plan.
Implementation
After the meeting, we will request your permission to implement the proposed savings on a partial or complete basis. Our cost reduction consultant to go over the details of our proposal and how we believe you will save the most money based on our review and analysis. If you choose to implement the plan, we will bill you for an agreed-upon percentage of your realized savings under this plan but only when saved money is in your bank.
